Government spending in Faroe Islands was last recorded at 47.7 percent of GDP in 2017 . source: Statistics Faroe Islands

Government Spending To GDP in Faroe Islands averaged 53.23 percent from 1998 until 2017, reaching an all time high of 59.70 percent in 2009 and a record low of 47.50 percent in 2016. This page provides - Faroe Islands Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Government Spending To GDP - values, historical data and charts - was last updated on November of 2020.

Government Spending To GDP in Faroe Islands is expected to reach 44.60 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Government Spending To GDP is projected to trend around 44.00 percent in 2021, according to our econometric models.

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Faroe Islands Government Spending To GDP

Actual Previous Highest Lowest Dates Unit Frequency
47.70 47.50 59.70 47.50 1998 - 2017 percent Yearly

Faroe Islands Government Last Previous Highest Lowest Unit
Fiscal Expenditure 9745.00 8928.90 9745.00 3948.40 DKK Million [+]
Government Budget 5.10 2.60 12.60 -4.90 percent of GDP [+]
Government Budget Value 708.00 950.70 1745.30 -592.10 DKK Million [+]
Government Revenues 10453.10 9879.60 10453.10 5103.90 DKK Million [+]
Government Spending To GDP 47.70 47.50 59.70 47.50 percent [+]